The US Producer Price Index (PPI) for November was higher than market expectations, reflecting that inflationary pressure in the US is still high, supporting the Federal Reserve to continue raising interest rates until 2023. The decline in US stocks widened at the end of the session. The Dow closed down about 305 points, and the NASDAQ and S&P 500 indices closed down about 0.7%. The Dow fell 2.77% this week, and the NASDAQ fell 3.99%, the biggest weekly decline in nearly a month; the S&P 500 index fell 3.37%, the biggest weekly decline since September. On the market, the energy and China Electric Vehicle sectors generally declined. In terms of individual stocks, BILI.O (BILI.O) closed up 8.76%, Tesla (TSLA.O) closed up 3.27%, Ideal Auto (LI.O) closed down 12.49%, and Chevron (CVX.N) closed down 3.18%.